North Plainfield Giving Nest Inc
Nonprofit profile at a glance
- EIN
- 020693989
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Watchung, NJ, USA
- Phone
- 9082221003
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Kindergarten, Preschool, Nursery School, Early Admissions
Reported finances
- Revenue
- $677,857
- Expenses
- $699,030
- Assets
- $330,190
- Liabilities
- $77,292
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- DEBORAH HANNON (BOARD MEMBER/PRESIDENT)
Highest reported compensation
- TARA GRUNTHER (BOARD MEMBER/CO-DIRECTOR): $68,846 total reported compensation
- KATHLEEN SMITH (BOARD MEMBER/CO-DIRECTOR): $67,346 total reported compensation
- DEBORAH HANNON (BOARD MEMBER/PRESIDENT): $65,473 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our commitment is to provide our families with the highest quality child care at affordable rates. The giving nest provides individualized attention to all children. By keeping our child/teacher ratio below state regulations our dedicated staff can provide the one-on-one attention your child deserves. Every class follows a carefully planned daily schedule; offering ample time for learning new things, creating projects, socializing with friends, exploring the diversified toys in the classrooms, and playing outside in our beautiful, fenced-in playground.
What it reported doing in 2024
The giving nest provides preschool classes for children aged 36 months to 6 years, offering part time and full-time options for parents from september to june. We provided excellent care at a reasonable price for approx.110 children this year. Using New Jersey's preschool creative curriculum as a guide our teachers instruct the children with lessons and play. Our lessons are age appropriate helping the students to develop healthy habits, social skills, physical activities, safety behaviors and preparing them academically for elementary school when they graduate. Our teachers demonstrate their respect for children by encouraging them to think critically, make their own decisions, solve problems independently, and share their ideas and emotions to ensure successful learning.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 90
- Accountability: 38
- Sustainability: 23
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.4%; rating input score 94
- Program expense ratio: 91.6%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 25%; rating input score 25; 10th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -3.1%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 0.47; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0.23; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 1.8% per year; rating input score 100; 25th percentile among comparable filings
- Revenue growth: -0.4% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: -4.9% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 94.4% of revenue deployed · 91.6% of spending went to programs
- Governance: 1 of 4 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $640K in reported program spending
- Leadership: top reported pay $69K · 5 people listed
- Consistency: 18 of 18 current checks pass
- Schedules: 5 filed schedules
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 25/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 28/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.